High Fuel Prices a Problem for Air France-KLM, Lufthansa

Air France-KLM, Lufthansa Report Losses for 2011

WASHINGTON, March 8, 2012 /PRNewswire-USNewswire/ -- Europe's biggest airlines, Air France-KLM and Lufthansa, have warned that high fuel prices will continue to negatively impact their profits.

While Deutsche Lufthansa posted a profit of EUR 1.1 billion in 2010, it reported a net loss of EUR 13 million for 2011.

Similarly, Franco-Dutch airline Air France-KLM posted a profit of EUR 28 million in 2010 but made an operating loss of EUR 353 million in 2011.

Both flag carriers worry that their results may deteriorate in the first half of 2012 due to high oil prices.

EIN News is following the latest developments regarding Air France-KLM, Lufthansa and oil prices, see e.g.:

- http://lufthansa.einnews.com/news/deutsche-lufthansa-profit
- http://airlines.einnews.com/news/air-france-klm
- http://oilandgas.einnews.com/news/crude-oil-price

About the publisher, EIN News (http://www.einnews.com/)

EIN News has developed one of the world's leading real time news indexing services. Its systems continuously scan the web, indexing news from thousands of worldwide sources. The data is then filtered according to specific needs, and the processes are supervised by a team of professional news editors.

Thousands of industry, government and private institutions rely on EIN News for their media monitoring needs. Combining both intelligent search technologies and the human element, EIN News delivers the most efficient, yet personalized media monitoring, news aggregation and syndication services on the market.

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SOURCE EIN News

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